Price is currently around $0.005628 after facing a sharp rejection from the $0.0065 area. The sell-off puts the focus on whether DIAM can stabilize around these levels and attract fresh buying pressure.
Meanwhile, $BTC remains an important piece of the bigger picture. If Bitcoin maintains its strength, altcoins could have more room to recover, but DIAM still needs to show its own strength.
I’ll be watching the reaction from here, especially volume and any attempt to reclaim the levels lost during the drop. $DIAM stays on the radar. 📈 @Diam #DIAM #BTC #Altcoins #Crypto
$BTC experienced its sharpest deleveraging since 2023
After a cycle largely dominated by futures volumes, Bitcoin has just gone through its sharpest deleveraging phase since 2023.
This showed up as a marked decline in Binance's Open Interest, which dropped below its 180-day average, highlighting both the strength and the speed of the move.
This is a necessary phase for Bitcoin. Through the correction, the market forces the closure or liquidation of positions that had become too heavy. Whether short or long, it was during this cycle that Bitcoin saw the largest liquidation events in its history.
Despite this, Binance's Open Interest remains relatively elevated at $9.6B, compared to a 180-day average of $8.3B, representing roughly 37% of Bitcoin's total Open Interest. That's a higher level than the one seen during May's recovery, which had itself helped drive BTC back up to $82 000.
While this correction phase was tough on traders, they already appear to be back, a sign that's naturally fueling Bitcoin's bullish rebound. Still, it's worth keeping an eye on because a market carrying too much leverage eventually triggers new, brutal deleveraging episodes. #BTC Price Analysis# #Macro Insights#
$115M+ a month at the end of 2024. A rounding error by September this year. That's the actual headline buried under the AI framing. Two years of token sale data, sorted by category, and the story isn't which sector won — it's that the whole mechanism cooled off hard. Whatever was fueling those Nov-Jan '24 bars (roughly 90-115+ combined) simply isn't there anymore. By mid-2026 the monthly totals are a fraction of that, and by September they're barely visible on the same axis. Now, the AI claim going around this chart — that it's "topped" every month for two years. I get why it looks that way; the AI segment shows up near the top of the stack in almost every bar across the whole range. But top-of-stack isn't the same as biggest-by-size in a stacked bar chart — the plotting order groups categories, it doesn't rank them. So I'd hold off calling AI the definitive leader every single month without the raw per-category numbers behind it. What I can say honestly is that AI-labeled sales look unusually persistent — present and visible through a period where most other categories either shrank a lot or vanished from view entirely. That persistence is the actual interesting data point, in my opinion. Not "AI wins," but "AI held on while the category that used to dominate this chart (whatever was driving Dec '24's spike) basically disappeared." Missing piece I'd want before treating this as settled: exact dollar figures by category, month over month — because right now this reads as a strong visual impression, not a confirmed ranking. #BTC Price Analysis# #Altcoin Season# $HYPE
BTC's derivatives data and its miner data are telling two slightly different stories right now, and that's worth sitting with before picking a side. The clean part first: exchange netflow has stayed negative for two straight days — roughly -6,275 $BTC on Sep 4 and -1,142 BTC on Sep 5. Funding flipped from positive (0.0043) to negative (-0.0008), and open interest slid from about $27.53B on Sep 3 to $25.70B on Sep 5. Read together, that's leveraged longs getting flushed out while coins are leaving exchanges rather than piling up for sale. That combination usually reads as de-risking, not distribution. Where it gets murkier is the Miners' Position Index. The written data pegs MPI near neutral at -0.036 on Sep 4, suggesting no unusual miner selling. But the chart itself shows something sharper — a visible MPI spike into the 2.5+ range right around this same period, in similar territory to the spike that preceded February's drop from roughly $100K to $65K. That's not a small discrepancy. Personally, I'd want it reconciled before leaning hard on "miners aren't selling" — either the neutral reading is a single-day snapshot that misses the spike either side of it, or the two are measuring slightly different windows. I'm flagging it, not smoothing it over. If the outflow-and-cooling-leverage read holds and the MPI spike is noise, this looks like a genuinely healthy cooldown at $79.6K, not an overheated move. If the spike is real signal, the setup starts to resemble the pattern that preceded the last leg down. What I'm watching: whether outflows persist, funding stabilizes near neutral rather than diving further negative, and whether that MPI spike gets confirmed by tomorrow's data or fades as an outlier. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#
ZEC just printed one of the sharper weekly candles I've seen from it in a while — market cap ripping from the low-$14B range to a fresh high near $17.05B. XRP, meanwhile, snapped out of a multi-month grind near $85B and spiked back toward the $100B mark before settling around $88.75B. Two very different charts, same underlying question: is this actual altseason, or two isolated moves that happen to land in the same week? Looking at XRP's structure first — this isn't a fresh breakout, it's a bounce inside a much larger downtrend. The 2025 peak sat well above $200B market cap, and price has been carving lower highs since. This week's candle recovers some ground, but it's happening from a compressed base after months of bleed. My read: this looks more like a relief rally testing prior support-turned-resistance than a trend reversal — though I'd want to see it hold above the recent range before calling it more than that. ZEC's move is a different animal. That's a near-vertical breakout out of consolidation, not a bounce off a downtrend. Personally, this is the more convincing chart of the two — it's showing genuine demand rather than mean reversion. The risk here is the obvious one with any parabolic weekly candle: moves this steep tend to get a large chunk of themselves back before they consolidate into a real base. Where I'd push back on the "altseason kicking off" framing: two tokens breaking out isn't breadth. Altseason calls need confirmation across a wider basket, not just the names that happen to be trending that week. What I'm watching: whether XRP can actually reclaim and hold above $100B, and whether $ZEC 's breakout gets retested and defended rather than immediately faded. #BTC Price Analysis# $XRP
I think the RWA narrative here is real but overstated in this exact snapshot. Robinhood Chain's RWA active market cap sits around $172M with tens of thousands of holders on tokenized stocks, that's not nothing.
But a meaningful chunk of that stock-token volume is reportedly tied to meme-stock pairs, which blurs the line between real RWA adoption and speculation wearing an RWA wrapper.
Where I'd push back on the bullish framing: flipping ETH on revenue during a token-launch frenzy day is a snapshot, not a trend. The real test is whether this holds once the Pons-style launch mania cools off.
What I'm watching: whether the revenue composition shifts toward actual RWA/stock-token flow over the coming weeks, or quietly reverts once the memecoin wave passes. #BTC Price Analysis# $ETH #ROBINHOOD
Strategy and BitMine are putting roughly $500M into $BTC and $ETH while the market is pulling back. That’s worth paying attention to.
Strategy continues to build its Bitcoin treasury, while BitMine is aggressively accumulating ETH as part of its own long-term strategy.
But their buying doesn't mean BTC or ETH can't fall further.
These companies aren't trading the next 4H candle. Their thesis is measured in years, not days. That's the key difference.
When prices fall, short-term traders see risk. Long-term treasury companies can see an opportunity to increase their exposure at lower prices. The bigger signal would be whether this accumulation continues even if market weakness persists.
If institutional treasury demand keeps growing while sentiment remains cautious, today's pullback could eventually look like another accumulation phase. Are Strategy and BitMine early… or are they buying too soon? 👀 #BTC Price Analysis# #Macro Insights# #Meme Alpha#
Bitcoin ran from $63K to $81.5K in two weeks, and on-chain data underneath tells a shakier story than price implies. NRPL hit two major peaks, ~$1.7B on August 21 and $1.6B on August 24, among the largest readings this year outside the Jan-Feb crash. No comparable spike followed, but the days after stayed positive at $400-650M daily. The pressure never cleared, it just shifted from acute to chronic. Coinbase Premium is the clearest demand tell. It briefly flipped positive August 26-27, hinting real US spot buying was back, but couldn't hold above zero before fading. Fresh demand tried to show up and didn't stick. Funding staying elevated here is worth worrying about. Rates hit a yearly extreme of 0.0225 mid-August, normally a sign of conviction. Paired with fading spot demand and heavy profit-taking, elevated funding looks more like exposed leverage than confidence, historically the setup that accelerates downside once support breaks. SOPR confirms a handoff between cohorts, but a shrinking one. It spiked 0.78 to 1.45 between August 19-22 as long-term holders led distribution, dropped to 0.94-0.98 as short-term holders took over near the second peak, then rebounded above 1.1 by August 29-31 even though $BTC only reached $78.5K, short of $80K. Last year's rally to $120K saw this ratio spike above 2, touching 2.8. A much smaller move now is producing near-record realized profit, meaning the low-cost supply pool sitting on the sidelines is large, and tolerance for absorbing it is thinner than it looks. The real question is which breaks first, fading spot demand or persistent profit-taking. Balance leans toward the latter. Watch Coinbase Premium and whether SOPR keeps climbing while price stalls. $XRP #BNBChain# #BTC Price Analysis#
I have used STONfi as my primary DeFi interface on TON for long enough now that I can see patterns in my own behavior that weren't visible when I was moving between platforms constantly. The first pattern is how much decision quality improves when the interface is familiar. When I know exactly where to find the pool APR versus the farm APR, where to check the 24-hour volume, where the price impact figure appears before confirmation — I spend that cognitive load on the analysis rather than on navigation. The interface stops being a thing I'm figuring out and becomes a tool I'm using. The second pattern is how the fee structure shapes what I'm willing to do. On TON through STONfi a swap costs approximately $0.06 to $0.13. This is low enough that I execute small adjustments that I wouldn't bother with on a chain where each transaction costs $3 to $8. The frequency of small corrections to positions is higher. The tendency to let a position run past its optimal point because rebalancing has a meaningful transaction cost is lower. Near-zero fees change behavior in ways I didn't fully anticipate. The third pattern is about the farming digest rhythm. Reading the pool board weekly as a consistent habit rather than checking it reactively when something catches my attention produces better decisions than reactive checking does. I see the changes week over week rather than just the current state. TONG/GRAM appearing one week with near-zero volume tells me something specific. STORM/GRAM maintaining consistent TVL across multiple weeks without deadline pressure tells me something different. The pattern is only visible if I'm checking consistently rather than occasionally. Consistency with one platform compounds in ways that switching between platforms doesn't. The familiarity, the fee-adjusted behavior, the weekly rhythm — these are the quiet advantages of staying in one place long enough to understand it properly. Explore @ston_fi → https://app.ston.fi/swap $XRP $ETH
Polymarket has $68.16 million wagered on the September 16 Fed decision. The crowd is split almost exactly in half. 25 basis points increase at 52%. No change at 48%. A rate cut isn't meaningfully priced at all, the decrease options sit under 1% collectively. This market isn't pricing easing. It's debating whether the Fed hikes or holds. That's a meaningfully more hawkish backdrop than the "Fed pauses, risk assets rally" narrative that circulated after the July hold. The 52/48 split sitting this close to even odds this near the decision date means genuine data-dependency rather than settled conviction. When a prediction market is this tight this close to resolution it's telling you the incoming data between now and September 16, CPI, jobs, oil prices, has real power to move the outcome rather than confirming what's already decided. The small panel detail worth noting: 50 basis points decrease at 0.3 cents. A $5 position wins $1,583 if an aggressive cut materializes. That's what near-zero-probability tail exposure looks like in a prediction market,cheap lottery-ticket positioning on an outcome nobody expects but a few people are willing to pay almost nothing to cover. What this means practically: if the 52% hike scenario settles, tighter policy landing against fresh risk-on positioning in $BTC , $ETH , and DeFi is a real headwind. The July FOMC hold rally assumed the pause would persist. A September hike would revise that assumption sharply. For stablecoin farming positions on STONfi the macro read cuts both ways. A hike makes stablecoin yield more attractive relative to volatile asset exposure. A hold sustains the risk-on environment where DeFi capital inflows continue. Either scenario has a positioning implication worth thinking through before September 16. The 52/48 split is telling you not to assume either outcome is settled. Watch the data between now and then. Try Predict → https://t.me/ipredict/app
$ANSEM is a real reminder of how detached these meme narratives can get from anything resembling a project, and the supply concentration is the part worth actually reading before touching it. An anonymous developer created it in mid-June and airdropped roughly 60-65% of the total billion-token supply directly to Ansem's own wallet, a well known Solana trader with close to a million followers, without his involvement in building it. He didn't launch it, but he embraced it afterward and pledged to route his Pump.fun creator fees back to holders as airdrops. That single move, one influencer publicly adopting a coin he didn't create, is what took it from microcap to nearly 20,000% in a week, hitting an all time high near $0.121 on June 29 and single-handedly pulling Pump.fun 's overall activity out of a months-long slump. The mechanics behind that pump are worth being clear-eyed about. This has no product, no roadmap, no identifiable team beyond the anonymous creator, and its price moves almost entirely on attention. When Ansem posts about it, volume spikes. When he goes quiet, it fades. That's the entire demand model in one sentence. The concentration is the real risk sitting underneath the attention story. One wallet linked to Ansem was holding around 604 million tokens, over 60% of total supply, as of the last check. Liquidity is thin relative to the market cap it's traded at, meaning even moderately sized orders can move price sharply in either direction, and there are multiple copycat tokens using the same ANSEM name circulating, so verifying the actual contract address before doing anything is non-negotiable, not optional advice. Worth flagging too, this specific link goes to an Elfa AI insight page that didn't render its actual content for me, likely a JS-heavy interface, so I can't confirm what that particular analysis said. Everything above comes from independently verified reporting on the token itself, not that specific page.
Schiff's latest round is worth unpacking because it's actually three separate claims stacked together, and they don't all hold up the same way. The trigger was a comparison from crypto analyst Quinten Francois, pointing out gold's market is roughly 20 times bitcoin's size, equities about 100 times larger, real estate over 250 times larger, implicitly framing bitcoin as having room to grow into those categories. Schiff's response was blunt: bitcoin isn't a real asset, so its value has no relationship to gold, equities, or real estate at all. That's a definitional claim, not really an argument, it asserts bitcoin doesn't belong in the comparison rather than explaining why the market cap ratio itself is meaningless. His inflation hedge argument is more substantive. He's said directly he doesn't think bitcoin is an inflation hedge, and that people who believe otherwise are wrong, pointing investors toward gold and silver instead. That's a testable position, bitcoin's correlation with inflation prints has genuinely been inconsistent historically, unlike gold's longer track record in that role. Reasonable people disagree here, it's not a fringe take even among bitcoin holders. Harder to take at face value is his response to being asked about missing bitcoin's run. He said he's been better off not owning it over five years, and called holders who didn't sell the ones who left money on the table, an argument that only works if you already assume the price eventually goes to zero. Otherwise not selling an appreciating asset isn't leaving money on the table, it's the position working. He's also arguing AI is a threat to bitcoin rather than a complementary trend, the opposite of how some bitcoin proponents frame it. Worth noting, though the article doesn't lay out his reasoning in detail. #BTC Price Analysis# $BTC $XRP #Macro Insights#
Şifin ən son raundunu açıb yoxlamaq lazımdır, çünki o, əslində bir-birinin üstündə yığılmış üç ayrı iddiadan ibarətdir və onların hamısı eyni şəkildə özünü doğrultmur. Başlanğıc nöqtəsi kripto analitiki Quinten Francoisun verdiyi müqayisə oldu: qızılın bazar həcmi təxminən bitkoinin 20 dəfə, səhmlər isə təxminən 100 dəfə, daşınmaz əmlak isə 250 dəfədən çox böyükdür — bununla da bitkoinin bu kateqoriyalara “yer” tapmaq potensialı olduğu implicit şəkildə vurğulanırdı. Şifin cavabı sərt idi: bitkoin real aktiv deyil, ona görə də onun dəyərinin qızıl, səhmlər və ya daşınmaz əmlakla heç bir əlaqəsi yoxdur. Bu, arqumentdən çox definisiya iddiasıdır; bazar kapitallaşma nisbətinin özünün niyə mənasız olduğunu izah etməkdənsə, sadəcə #Bitcoin-i həmin müqayisəyə daxil etməməyin lazım olduğunu iddia edir. Onun inflyasiya hedcinqi arqumenti isə daha əsaslıdır və ayrıca, öz şərtləri daxilində ciddi qəbul edilməyə dəyərlidir. O, birbaşa deyib ki, onun fikrincə bitkoin inflyasiya hedcinqi deyil və bunu düşünənlər yanılır; investorları isə əvəzində qızıla və gümüşə yönəldir. Bu, real və sınaqdan keçirilə bilən mövqedir: bitkoinin inflyasiya göstəriciləri ilə korrelyasiyası tarixi olaraq həqiqətən də ardıcıl olmayıb, qızıl isə həmin rolda daha uzun müddətə söykənən rekord nümayiş etdirir. Ağıllı insanlar bununla bağlı razılaşmır və bu, hətta bitkoini sevənlər arasında da marjinal fikir deyil. Onu olduğu kimi qəbul etməyi çətinləşdirən məqam isə bitkoinin “yüksəlişini” qaçırması barədə sual cavabında verdiyi reaksiyadır. O bildirib ki, son beş ildə onu almamağı daha yaxşıdır və satmayanları var olan fürsətdən “pulu kənara qoyanlar” kimi qiymətləndirib; bu arqument yalnız qiymətin sonda sıfıra gedəcəyini əvvəlcədən qəbul edəndə işləyir. Əks halda, qiymət artan bir aktivin satılmaması “pulu kənara qoymaq” deyil — mövqenin işləməsidir. O, həmçinin AI-nin bitkoin üçün təhlükə olduğunu iddia edir, onu tamamlayıcı bir tendensiya kimi görmək yerinə; bu da bəzi bitkoin tərəfdarlarının münasibəti necə çərçivələməyə çalışdığına ziddir. Qeyd etmək lazımdır ki, bu, məqalədəki başqa bir iddiadır, baxmayaraq ki, məqalə bunu onun tərəfindən heç bir təfərrüatlı əsaslandırma ilə burada açmır; təkrarlamağa dəyəcək qədər detal mövcud deyil.
ETH just reclaimed $2,400 after a long grind, pulled back almost immediately, and everyone's asking if that's the downtrend reasserting itself. Funding rates say probably not, at least not yet. Every major $ETH crash on this chart shared the same setup beforehand. Early-to-mid 2021, funding spiked above 0.2 as longs got dangerously crowded, and that preceded a real correction. 2022 and 2023 showed the opposite extreme, sharp plunges to -0.05 and -0.1 as violent liquidation cascades tore through the market. Both directions represented the same underlying thing, a market that had gotten structurally unbalanced on leverage, and both times that imbalance resolved with a significant selloff. Right now funding's sitting in a stable, moderate green range, nowhere near either historical extreme. That matters because it means the market hasn't built up the kind of crowded leveraged long exposure that's shown up before every prior liquidation-driven crash on this chart. The current pullback looks more like a natural pause after a rally than the early stage of something structurally unwinding. Worth being honest about the limits here though. Funding is a lagging signal, it reflects positioning that's already built up, not positioning that's about to build. It can shift fast if sentiment turns quickly, and a sharp spike in either direction over the next few days would change this read entirely. Cross-checking exchange-level funding divergence and derivatives-to-spot volume ratios would round this out further before treating it as settled. But based on what's actually showing up in the data right now, this pullback is missing the overheating signature that preceded every prior major ETH crash. That's a real distinction, not a guarantee, and it's the difference between short-term consolidation and the start of something worse. #BTC Price Analysis# $ETH #Altcoin Season#
Bitcoin's realized price just flashed the same $60,000 level for the third time since 2021, and that's worth sitting with for a second. This isn't the spot price chart, it's realized price, the average cost basis of every coin that's ever moved on-chain. When it shifts, that's actual capital repositioning, not just trading noise. And the Renko view here strips out time entirely, bricks only print once price moves a fixed $5,000, so what's left is pure structure with the chop filtered out. Three points, same level, five years apart. The last bullish brick before the whole thing rolled over into the 2021-2022 bear market printed right at $60K. The bearish bricks that formed right after the 2024 halving pinned to that same $60K zone. And now, the potential bottom brick, forming the same day spot hit its recent $57K low, is sitting right back at $60K again. That's not a coincidence you wave off. A level showing up as a top once, a mid-cycle pivot once, and now a potential bottom, across three completely different market regimes, means enough of the market's aggregate cost basis clusters there that it keeps acting as gravity, whichever direction price is coming from. What it doesn't do is confirm anything yet. Renko only tells you a reversal happened after enough opposite bricks print. Right now there's one orange brick after a run of blue ones, that's a potential bottom, not a confirmed one. The actual tell is whether this turns into a sustained run of bullish bricks the way the last two touches at this level eventually resolved, or whether it just gets tagged and rejected again. $BTC #BTC Price Analysis# #Altcoin Season# #Meme Alpha#
Coinglass's live liquidation panel confirms what the 90-day chart hinted at: this is a short squeeze, and thin-liquidity tokens are eating the worst of it. $龙虾 leads with $210.62K in short liquidations against just $10.88K long. ZEC shows $137.87K shorts wiped, zero longs touched. ETH and ENA follow the same lean, shorts taking the bulk of the damage, just at smaller size given deeper liquidity. HNT is the outlier, longs took more damage there. The pattern lines up with the 90-day liquidation chart's August 20 spike, nearly $3B in single-day liquidations, almost entirely short-side, right as BTC broke out of its two-month range and ran 27% in a week. Shorts that had been quietly winning through months of chop got caught leaning the wrong way the moment price actually moved. Thin books amplify this. Low-cap and meme-adjacent names like 龙虾ⁿ and $ZEC show liquidation totals rivaling or exceeding ETH, not because more capital is at risk, but because shallow liquidity means smaller positions cascade harder. Worth flagging: this hourly snapshot isn't confirmed to be the same event as the August 20 spike, it could be a fresh, smaller squeeze happening independently. The mechanism is identical either way, crowded shorts getting run over as price extends, but treat it as a recurring pattern rather than one continuous event until there's a clean timestamp connecting them. $龙虾 #Macro Insights# #Altcoin Season#
I spent a long time in DeFi with a specific background anxiety around execution. Not dramatic fear. Just a low-level expectation that the amount I saw on the confirmation screen and the amount that actually arrived would be different by some percentage I couldn't predict and couldn't control. Slippage settings helped. They didn't eliminate the uncertainty. They just moved the line. The anxiety came from enough experiences where the gap between expected and received was large enough to notice and small enough to not know whether to blame the market, the interface, or the route. The uncertainty about which variable was responsible made it impossible to address. What changed my default assumption was running cross-chain swaps through Omniston on @ston_fi repeatedly and noticing the same thing each time. The amount confirmed was the amount that arrived. Not approximately. Not within a tolerance I had set and accepted. The same figure. I understand mechanically why this happens. The resolver commits to delivering the quoted amount. The HTLC structure enforces that commitment or returns the original assets. The outcome is conditional on delivery rather than probabilistic around it. The architecture produces consistency that AMM-based execution can't guarantee under the same conditions. What I didn't expect was how much that consistency changed the way I think about execution quality as a variable. Once you've run enough swaps where the quote matches the result you start noticing how unusual that actually is compared to everything you used to accept as normal. The anxiety doesn't disappear entirely. But it moves from execution to analysis — which is where it belongs. Try cross-chain swaps → https://app.ston.fi/swap?mode=cross-chain #BTC Price Analysis# $SOL #TON ecosystem, here to discover the latest projects# $PI
The whole rally from $64,000 to near $80,000 had one real driver, Treasury's expanded bond buyback program, which pushed yields and the dollar lower and revived the debasement trade that had crypto and gold running together. Warsh's speech was the test of whether the Fed would reinforce that setup or push back against it. It pushed back. He spoke in a genuinely hawkish tone, calling price stability the Fed's top priority, and said directly that he was "struggling to define the financial conditions as restrictive." That's a specific, deliberate signal, he's telling markets he doesn't see current conditions as tight enough to justify easing soon, even with encouraging summer inflation prints. He closed by saying he's "committed to a discipline, not to a decision," which keeps the door open either way but leans toward no predetermined rate cut path, data dependent rather than dovish. The market reaction lines up exactly with that framing. Bitcoin was trading around $79,000 heading into the speech and dropped to about $78,000 during and after it, a real but contained move, not a collapse. That's roughly consistent with a market that had priced in some probability of a more dovish tone getting a modestly hawkish surprise instead, enough to knock price down but not enough to break the broader structure that's held since the Treasury buyback news. I would say this didn't boost the rally, and it didn't end it either. It capped the immediate upside for now, since the Fed just declined to reinforce the Treasury-driven liquidity narrative that built this move in the first place. The $80,000-82,500 zone that already rejected #Bitcoin twice this month just got another reason to hold as resistance rather than a catalyst to break through it. $BTC
Stellar's carving out a textbook corrective structure right now, and it's worth walking through why the next leg down might actually be the setup, not the risk.
$XLM Price ran hard from around $0.166 up to nearly $0.199, then rolled over into a clean sequence of lower highs. First bounce came at $0.1880, second came lower at $0.178-0.180, and price is sitting right at $0.1794 now, testing that same shelf again. Each bounce in this correction has come from progressively lower ground than the one before it, which is the kind of pattern that usually resolves with one more flush before it actually turns.
If that holds, the level worth watching isn't here. It's the $0.166-0.170 zone underneath, the same area price launched its original impulsive rally from. A retest of that zone would put price back at the last spot committed buyers actually stepped in the first time, which tends to be a structurally sound place for a correction like this to terminate rather than just another number on the chart.
Worth being upfront that current price is already sitting on a level some are treating as legitimate support in its own right, with a deeper floor cited further down near $0.159. So there's a real chance this holds right here instead of extending lower. But given the sequence of lower highs and lower supports this correction has shown so far, the higher probability read is one more leg down into that $0.166-0.170 zone before any real reversal attempt, not a bounce off the level it's testing right now. #BTC Price Analysis# #Altcoin Season#